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UK SMALLCAP ROUNDUP: HMV Strategy On Track Amid Record Sales

Wed, 30th Jun 2010 12:30

Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps HMV GROUP PLC (HMV.LN) Wednesday said its strategy of diversifying its business away from CDs and DVDs remains on track, although the CD market didn't decline as much as it had expected in fiscal 2010. It posted a rise in fiscal 2010 pretax profit, driven by a record sales performance, although its overall result was dragged down by a weaker performance at its Waterstone's bookstore chain. At 1045 GMT, shares +4 pence, or 6%, at 60 pence. NORTHGATE PLC (NTG.LN), a van rental company, Wednesday said it will continue to increase its rental rates and finish restructuring its U.K. operations in an effort to grow earnings, after raising rates and trimming its fleet helped it swing back to a fiscal-year profit. At 1045 GMT, shares +19 pence, or 12.6%, at 172 pence. SCOTT WILSON GROUP PLC (SWG.LN), a U.K. engineering consultant, Wednesday said its board will give its recommendation to shareholders on the company's bidding war Thursday after the U.K. Takeover Panel set a deadline for a revised offer from U.S. firm URS Corp. (URS). URS must confirm to Scott Wilson by 1600 GMT Wednesday that it intends to match or improve upon CH2M's cash offer for Scott Wilson or the Scott Wilson board can withdraw its recommendation for the URS Offer. Either way, URS must also confirm its intentions by no later than 0630 GMT Friday. At 1045 GMT, Scott Wilson shares -1 pence, or 0.3%, at 260 pence. FUTURA MEDICAL PLC (FUM.LN), a pharmaceutical company, has signed a deal with GlaxoSmithKline PLC's (GSK.LN) consumer healthcare unit to develop a painkiller. GlaxoSmithKline will be responsible for the clinical and regulatory development of Futura's TR100 and Futura will receive "modest" annual payments, the company said. It wasn't more specific. At 1045 GMT, shares +2 pence, or 4.3%, at 43 pence. CHORION PLC, a privately-held media company, said it plans to exploit its brands across newer platforms like Apple Inc's (AAPL) iPhone, as it posted an 11% rise in fiscal 2010 earnings before interest, tax, depreciation and amortization, driven by the launch of its brands in new territories like the U.S. MANAGEMENT CONSULTING GROUP PLC (MMC.LN), a professional services group, Wednesday said the trading climate has eased from the extremely difficult conditions last summer. The group's Alexander Proudfoot unit--which offers services to companies to improve efficiencies and cut costs--has significantly more leads for new business than at any stage in 2009, it said. At 1045 GMT, shares flat at 24 pence. ATH RESOURCES PLC (ATH.LN), a coal company, Wednesday said it received an approach to purchase its land regeneration business. The unit recovers the remaining coal from old mine sites and cleans up the land so it can be sold on or developed. At 1045 GMT, shares -3 pence, or 5%, at 65 pence. GW PHARMACEUTICALS PLC (GWP.LN) has agreed to extend a research collaboration with Japan's Otsuka Pharmaceutical Co. Ltd. for another three years. The two companies have worked together for the past three years testing whether compounds derived from cannabis can be used to treat a variety of illnesses, including cancer and diseases of the central nervous system. At 1045 GTM, shares -5 pence, or 4.5%, at 118 pence. CARECAPITAL GROUP PLC (CARE.LN), a healthcare property company, said Wednesday it teamed up with Proton Therapy USA to set up a network of five proton therapy centers in the U.S. and U.K. The two companies have formed Proton Therapy Global Management, which is seeking to raise several hundred of millions of dollars to invest in proton centers. At 1045 GMT, shares -0.07 pence, or 0.9%, at 8.55 pence. CINEWORLD GROUP PLC (CINE.LN), a U.K. cinema company, posted a 3.7% rise in first-half sales on the year, boosted by the release of 3D blockbusters like Avatar and Alice In Wonderland, and said it expects to benefit from a significant number of 3D releases in the second half. Cineworld's box office sales rose 4.1% on the year in the 26 weeks to July 1, with films like Iron Man 2 and Sex and the City 2 also proving popular with customers. At 1045 GMT, shares +1 pence, or 0.5%, at 202 pence. CLARKSON PLC (CKN.LN), a shipping services group, said first-half trading is ahead of its expectations, reflecting an improvement in shipping markets and foreign exchange benefits. At 1045 GMT, shares +27 pence, or 3.1%, at 887 pence. BIOCOMPATIBLES INTERNATIONAL PLC (BII.LN) said its licensee and marketing partner Merz Pharmaceuticals GmbH has temporarily suspended shipments of its aesthetics injectable filler Novabel after some patients reported adverse reactions. At 1045 GMT, shares -11 pence, or 4.4%, at 250 pence. MATTIOLI WOODS PLC (MTW.LN) said it is positive for fiscal 2011 and said it was still looking to make acquisitions within the self-administered pension schemes and self-invested personal pension markets. At 1045 GMT, shares flat at 207 pence. DJ UK Smaller Cos +0.4% AIM +0.07% -By Hannah Benjamin, Rachael Gormley & Jason Douglas, Dow Jones Newswires; +44 (0) 20 7842 9298; uksmallcaps@dowjones.com (END) Dow Jones Newswires June 30, 2010 07:30 ET (11:30 GMT)
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9 Jun 2022 15:59

Northbridge trading stronger still as it moves forward as Crestchic

(Sharecast News) - Northbridge Industrial Services updated the market on its recent performance on Thursday, reporting that the above-expectations trading in the first quarter had "accelerated further" into the second quarter.

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9 Jun 2022 15:03

IN BRIEF: Northbridge Industrial Services upgrades annual outlook

Northbridge Industrial Services PLC - Burton on Trent, England-based company which hires and sells industrial equipment - Reports strong trading in the first half of 2022 with the rental and sales pipeline building. As a result, company says it is increasing its outlook for the year as a whole because it is trading ahead of its already ungraded expectations. Does not specify these expectations for the year as a whole. Notes its UK factory expansion is now complete, with production already started.

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6 Jun 2022 15:58

UK shareholder meetings calendar - next 7 days

Tuesday 7 June  
Animalcare Group PLCAGM
Arix Bioscience PLCAGM
Centrica PLCAGM
Integrated Diagnostics Holdings PLCAGM
Kooth PLCAGM
Ondine Biomedical IncAGM
Osirium Technologies PLCAGM
SpaceandPeople PLCAGM
TruFin PLCAGM
Wednesday 8 June  
Ascent Resources PLCAGM
Cambridge Cognition Holdings PLCAGM
City Pub Group PLCAGM
DP Eurasia NVAGM
Gem Diamonds LtdAGM
Hiro Metaverse Acquisitions I SAAGM
Itaconix PLCAGM
M&G Credit Income Investment Trust PLCAGM
Nostrum Oil & Gas PLCAGM
Parity Group PLCAGM
Petards Group PLCAGM
Safestyle UK PLCAGM
Savannah Resources PLCAGM
Third Point Investors LtdAGM
Woodbois LtdAGM
Thursday 9 June 
4basebio PLCAGM
Northbridge Industrial Services PLCGM re name change to Crestchic
Funding Circle Holdings PLCAGM
Northbridge Industrial Services PLCAGM
Dignity PLCAGM
Corero Network Security PLCAGM
Kosmos Energy PLCAGM
Kistos PLCAGM
Tungsten Corp PLCGM re Kofax Offer
BioPharma Credit PLCAGM
Checkit PLCAGM
Panther Metals PLCAGM
Instem PLCAGM
Kore Potash PLCAGM
Rambler Metals & Mining PLCAGM
Xpediator PLCAGM
Round Hill Music Royalty Fund LtdAGM
REA Holdings PLCAGM
Invesco Perpetual UK Smaller Companies Investment Trust PLCAGM
BlackRock Smaller Companies Trust PLCAGM
Friday 10 June 
Chariot LtdAGM
MP Evans Group PLCAGM
THG PLCAGM
Ergomed PLCAGM
Ultra Electronics Holdings PLCAGM
XLMedia PLCAGM
Monday 13 June 
Angus Energy PLCGM re second tranche of subscription shares and warrants
Elixirr International PLCAGM
Ocean Outdoor LtdGM re takeover by Atairos Group Inc
Jupiter Emerging & Frontier Income Trust PLCGM re voluntary liquidation
Mirriad Advertising PLCAGM
Saga PLCAGM
Spectra Systems CorpAGM
VPC Speciality Lending Investments PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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30 May 2022 18:33

IN BRIEF: Northbridge completes loadbank production facility

Northbridge Industrial Services PLC - Burton on Trent, England-based company which hires and sells industrial equipment - Announces completion and handover of new loadbank production facility in Burton on Trent, "on budget and on time", it notes. Says 1,200 square metre manufacturing facility will boost production capacity by 60%. Still intends to change its name to Crestchic PLC, subject to shareholder approval at its annual general meeting on June 9.

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12 Apr 2022 12:42

EARNINGS UPDATES: Parsley Box widens loss; M Winkworth profit doubles

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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10 Mar 2022 19:27

IN BRIEF: Northbridge Industrial proposes name change to Crestchic

Northbridge Industrial Services PLC - Burton-on-Trent-based specialist industrial equipment manufacturer - Following sale of Tasman division and focus on Crestchic, will put forward resolution at June 9 annual general meeting to rename the group to Crestchic PLC.

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1 Mar 2022 19:17

IN BRIEF: Northbridge Industrial completes Tasman division sale

Northbridge Industrial Services PLC - Burton-on-Trent-based specialist industrial equipment manufacturer - Announces completed sale of its Tasman operations in Australia and New Zealand. Company has received an initial payment of AUD6.0 million, around GBP3.2 million, with the balance of the AUD7.9 million to be paid in three additional instalments.

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21 Feb 2022 06:44

IN BRIEF: Western Selection reports half-year rise in net asset value

Western Selection PLC - AQSE-listed activist investor in small UK companies - Net asset value per share grows to 68 pence on December 31, the end of its financial first half, from 56p on June 30 last year and 47p a year before. Declares no interim dividend. Western Selection explains it stopped paying a dividend back in September 2019 due to the costs of maintaining a stock market listing and as its portfolio companies stopped paying dividends during the virus pandemic. More positively, notes the share prices of its two core holdings, AIM-listings Northbridge Industrial Services PLC and Kinovo PLC, rose by 45% and 11%, respectively, during the six-month period. Interim pretax profit is GBP117,000 - including a dividend from Kinovo - swung from a loss of GBP260,000 a year before.

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18 Feb 2022 18:20

TRADING UPDATES: Annual profit hikes for AssetCo and TBC Bank

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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18 Feb 2022 11:32

Northbridge confident in meeting 2021 profit expectations

(Sharecast News) - Northbridge Industrial Services said in a trading update on Friday that it was "confident" that its pre-exceptional profit before tax for 2021 would be in line with management expectations.

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18 Feb 2022 10:45

AIM WINNERS & LOSERS: UK Oil & Gas "delighted" by appeal court ruling

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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13 Jan 2022 18:10

TRADING UPDATES: Team17 buys astragon; contracts for Tekmar and Toople

TRADING UPDATES: Team17 buys astragon; contracts for Tekmar and Toople

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30 Sep 2021 15:45

EARNINGS UPDATES: Northbridge "delighted"; Echo Energy loss narrows

EARNINGS UPDATES: Northbridge "delighted"; Echo Energy loss narrows

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29 Sep 2021 19:30

IN BRIEF: Northbridge proposes capital reduction to enable dividends

IN BRIEF: Northbridge proposes capital reduction to enable dividends

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11 Aug 2021 14:46

IN BRIEF: Northbridge lifts full year outlook as interim revenue grows

IN BRIEF: Northbridge lifts full year outlook as interim revenue grows

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